In March, President Obama raises $53M for campaign, Democrats

Obama has entered a new phase in which he faces a direct challenge from Romney, who has begun raising money jointly with the Republican National Committee to overcome the president's fundraising edge.

Kevin Lamarque/Reuters
President Barack Obama addresses the audience outside the San Pedro church during a ceremony with his Colombian counterpart Juan Manuel Santos (R) to restitute land to Afro-Colombians displaced from their homes by armed rebel groups in San Pedro Square in Cartagena, April 15.

President Barack Obama raised a combined $53 million for his campaign, the Democratic Party and other campaign funds in March, his campaign said Monday as it prepared to face Mitt Romney and a rejuvenated GOP in the general election.

Obama has collected nearly $350 million since the start of the campaign last year, representing a boost in campaign cash compared with recent months. He has raised about $127 million for his campaign, the Democratic National Committee and other campaign funds since the beginning of 2012.

Obama has entered a new phase in which he faces a direct challenge from Romney, who has begun raising money jointly with the Republican National Committee to overcome the president's fundraising edge. The RNC raised $13.7 million in March, its best month of the election cycle and has $32.7 million in cash.

Romney had raised about $75 million through the end of February and ended the month with about $7.2 million in the bank. His campaign was expected to announce fundraising totals for March this week.

Obama's campaign had $84.7 million in cash-on-hand through the end of February and was expected to detail its cash position in an upcoming report with the Federal Election Commission.

Obama's campaign team has tried to generate a sense of urgency, telling donors they need to get involved because of Republican-leaning super PACs aiming to raise hundreds of millions of dollars to defeat the president.

"We're all going to have to dig even deeper, work even harder, move even faster," said Obama campaign manager Jim Messina in a video released Monday outlining the fundraising totals. "It's going to take all of us working together."

The president has ramped up his fundraising pace in 2012, collecting about $29 million in January and $45 million in February. But Republicans note that Obama's fundraising efforts this year are slightly behind the $136 million his campaign raised during the first three months of 2008 when he didn't have the party's fundraising apparatus at his disposal.

Obama's campaign said earlier this year that it would bless big-money super PACs supporting Democrats as a way of countering the Republican effort. The Democratic outside groups have struggled to raise money compared to their GOP-leaning counterparts, raising concerns among party activists.

You've read  of  free articles. Subscribe to continue.

Dear Reader,

About a year ago, I happened upon this statement about the Monitor in the Harvard Business Review – under the charming heading of “do things that don’t interest you”:

“Many things that end up” being meaningful, writes social scientist Joseph Grenny, “have come from conference workshops, articles, or online videos that began as a chore and ended with an insight. My work in Kenya, for example, was heavily influenced by a Christian Science Monitor article I had forced myself to read 10 years earlier. Sometimes, we call things ‘boring’ simply because they lie outside the box we are currently in.”

If you were to come up with a punchline to a joke about the Monitor, that would probably be it. We’re seen as being global, fair, insightful, and perhaps a bit too earnest. We’re the bran muffin of journalism.

But you know what? We change lives. And I’m going to argue that we change lives precisely because we force open that too-small box that most human beings think they live in.

The Monitor is a peculiar little publication that’s hard for the world to figure out. We’re run by a church, but we’re not only for church members and we’re not about converting people. We’re known as being fair even as the world becomes as polarized as at any time since the newspaper’s founding in 1908.

We have a mission beyond circulation, we want to bridge divides. We’re about kicking down the door of thought everywhere and saying, “You are bigger and more capable than you realize. And we can prove it.”

If you’re looking for bran muffin journalism, you can subscribe to the Monitor for $15. You’ll get the Monitor Weekly magazine, the Monitor Daily email, and unlimited access to CSMonitor.com.